While cloud computing is widely recognised as the next big opportunity to watch out for, it has already made significant inroads in the industry. However, the IT workforce may not keep pace with the developments. The industry ready workforce for new domains like cloud and mobility may be as less as 5.7% of the current IT workforce , said senior corporate vice president, Rajiv Sodhi, HCL Technologies,.

An internal HCL report on IT careers said that the traditional “IT industry career is in decline, threatening the careers of 10 million employees” . The global IT workforce is estimated to be around 20 million out of which around 3 million are in India.

The Indian cloud market may grow by more than 70% in 2012 as per the Indian Cloud Market Overview 2011-2016 report by International Data Corporation (IDC). It stood at $535 million in 2011. The report also said that the market is likely to grow 50% over the next three years.